MARS

Up
MARS
Enslein Law Firm Database
The SandyWills.com Web Site
Enslein Law Firm Web

"Web design is less about HTML, coding, fancy spinning graphics and more about marketing and serving your customer needs."

click here to email

Management Asset Reporting System (MARS)

Contractors had been set up to retrieve information from the institutions and to consolidate that information back to RTC management. The problem was the system was unreliable. The Management Asset Reporting System (MARS) program developed by Ronald Wills, principal of Small Business Technology, Inc., tracked assets of financial institutions controlled by the Resolution Trust Corporation (RTC). It was an efficient management design tool that aided in the oversight of billions of dollars in assets.

Working for Perpetual Savings and Loan managing a portfolio of close to $500 million in real estate owned we watched as the institution's poor lending practices led to its final downfall. As the RTC took over they began to use the Management Asset Reporting System (MARS) designed by Mr. Wills for reporting on Perpetual's $1.52 billion in loans and real estate owned assets. The MARS program became so popular with the RTC management at the regional and institution level that Mr. Wills' team was the lead in the Eastern Region's RTC acquisition of of 7 troubled institutions over a four year period.

The chart below shows the institutions using the MARS system:

MARS Tracking Statistics
Institution	C=Current H=Historical	Number	Balances
Piedmont Federal S&L	C	1,755	$255,091,832
	H	1,038	$63,712,593
Federal Savings of Virginia	C	130	$10,296,022
	H	86	$3,872,013
Commonwealth Savings & Loan	C	231	$17,566,402
1st. American of North Carolina	C	2,735	$82,956,938
	H	1,025	$43,651,913
Liberty Federal Savings & Loan	C	698	$54,213,876
	H	1,488	$9,362,468
Altus Federal Savings & Loan	C	4,139	$237,669,823
	H	597	$29,175,767
Perpetual Savings & Loan	Both C & H	1,306	$1,524,021,658
Totals		15,228	$2.33 Billion

A humorous note: the program became so popular throughout the mid-Atlantic region its author became known as the "Man from Mars!"

Records Inventory Management System (RIMS)

Based on the success of the MARS program, an inventory system which stretched across multiple institutions was developed. The program was entitled Records Information Management System, or RIMS for short. While the MARS system tracked the macro, the RIMS system tracked the micro. RIMS was responsible for tracking down to the desk and PC level of every item in inventory. RIMS was installed in Perpetual Savings and Loan, Piedmont Federal Savings and Loan and Altus Savings and Loan.

Before any new purchase of equipment the RIMS system was scanned to see what was available throughout the various institutions. Inevitably the sought after purchase item was available throughout the system. This saved hundreds of thousands of dollars for the government.